Doubt Relief !!

[Anupama Singh]

Hi Karthik,

This thread was one fantastic thread,and I hope you find the time now and then to help beginners like us.

Iwanted to ask you on your opinion abt the mkt.Today we got a big move,is that bottom of 9869 we made last week the bottom and is it time to buy again?

Please advise.

Thanks in adv,
Anu

 

[karthikmarar]

Hi Anu

Very nice to know that the thread was very usefulThanks for the kind words

Yes I do have the time and inclination. But I am also very happy to note that our members are doing good trades and there are hardly any doubts. So the relief is for me

Also I think people neither have the time nor the patience to read through verbose techno-fundamental analysis of the stocks. They rather prefer straight calls like Buy Timbaktoo Ltd at xxx , target yyy and stop loss zzz. And too hoots to reasoning

If somebody is asking for a reason then he is pulled up. Take a recent instance when Mohanlate asked for reasons for a call and people jumped on him.

Look at great threads like Good steals and New Intermediate Trend. Once the authors declared that there will no more calls these threads lost the interest from the members.

I am not against calls unless they not backed up with whatever technical or fundamental reasons.

Coming to the current market situation, the watchword is Wait especially for small investors like us. The worst many not be over.

The Bulls who had a beating during the recent fall are not going to come back easily. Friday saw lot of selling at higher levels. When the FII pulled out about $1.5 billion the Mutual funds have pumped in about Rs.70 billion. The market situation is still little uncertain as of now. One positive aspect is that the FIIs would not kill the golden goose too soon.

However the Long-term story is still Bullish. In the short term we may see some sideways movements. A fall below 3070 for the nifty would definitely spell trouble and it is absolutely necessary to keep above the Black Monday low of 2896.

So in my opinion the short and medium term traders should stand aside as now. Long-term investors can pick up some of the frontline blue chips and avoid the small and mipcaps. It was heartwarming to see some of members pick up nice blue chips at great bargain price on last Monday.

The Inverted Hammer formed on Friday does provide some hope. Though the colour of the Hammer does not really matter the white body does add to the bullishness. However the Inverted Hammer does require confirmation for which we will have to wait till Monday. A open above 3210 and a white candle would provide confirmation for the Inverted Hammer. Let us keep our fingers crossed.

Warm regards

Karthik

 

[murthymsr]

hi karthik,

i am fascinated to see you back into action in this thread.

all the best to you, the thread and the visitors.

murthymsr

 

[rajesh.sadhanala]

Hi KArthik,

Great to see that u r back in action. Now the question hour will start soon again here.

Regards
Raj

Hi Anu

Very nice to know that the thread was very usefulThanks for the kind words

Yes I do have the time and inclination. But I am also very happy to note that our members are doing good trades and there are hardly any doubts. So the relief is for me

Also I think people neither have the time nor the patience to read through verbose techno-fundamental analysis of the stocks. They rather prefer straight calls like Buy Timbaktoo Ltd at xxx , target yyy and stop loss zzz. And too hoots to reasoning

If somebody is asking for a reason then he is pulled up. Take a recent instance when Mohanlate asked for reasons for a call and people jumped on him.

Look at great threads like Good steals and New Intermediate Trend. Once the authors declared that there will no more calls these threads lost the interest from the members.

I am not against calls unless they not backed up with whatever technical or fundamental reasons.

Coming to the current market situation, the watchword is Wait especially for small investors like us. The worst many not be over.

The Bulls who had a beating during the recent fall are not going to come back easily. Friday saw lot of selling at higher levels. When the FII pulled out about $1.5 billion the Mutual funds have pumped in about Rs.70 billion. The market situation is still little uncertain as of now. One positive aspect is that the FIIs would not kill the golden goose too soon.

However the Long-term story is still Bullish. In the short term we may see some sideways movements. A fall below 3070 for the nifty would definitely spell trouble and it is absolutely necessary to keep above the Black Monday low of 2896.

So in my opinion the short and medium term traders should stand aside as now. Long-term investors can pick up some of the frontline blue chips and avoid the small and mipcaps. It was heartwarming to see some of members pick up nice blue chips at great bargain price on last Monday.

The Inverted Hammer formed on Friday does provide some hope. Though the colour of the Hammer does not really matter the white body does add to the bullishness. However the Inverted Hammer does require confirmation for which we will have to wait till Monday. A open above 3210 and a white candle would provide confirmation for the Inverted Hammer. Let us keep our fingers crossed.

Warm regards

Karthik

 

[makri]

Vikas WSP

HEllo


I am holding 1000 shares of Vikas WSP, it is delisted from BSE , What is the future??

Makri

 

[pnbalaji]

As long as the shares don't get isted again in BSE, your holdings are just worthless piece of paper. Sorry to say this, but you have no other option.

Thanks,
Balaji.

 

[pkjha30]

As long as the shares don't get isted again in BSE, your holdings are just worthless piece of paper. Sorry to say this, but you have no other option.

Thanks,
Balaji.

Harsh words balaji

but very true.This only shows the necessity to do ones own investingation before buying a stock. Relying on tips for penny stocks is a dengerous game akin to gambling. One looses money more often than wins it.

Pankaj

 

[murthymsr]

Re: Vikas WSP

HEllo


I am holding 1000 shares of Vikas WSP, it is delisted from BSE , What is the future??

Makri

hi makri,

please check up if the stock is listed in any other regional stock exchange, if so, you may come out soon by booking profit/losses.

if relisted in a major exchange at a later time, you may reenter based on the scenario at that time.

while on the subject, it is worthwhile that all investors my watch their portfolio for stock volumes traded on a regular basis (not just the stock prices for profits/losses), and when the volumes decline on a continuous basis over a few months, then it may be a strong case for disinvestment.

this is not an expert advice, but an experienced advice.

all the best.
murthymsr

 

[Anupama Singh]

Thanx Karthik....and welcome back!

Anu

 

[Agilent]

Re: Vikas WSP

hi makri,


while on the subject, it is worthwhile that all investors my watch their portfolio for stock volumes traded on a regular basis (not just the stock prices for profits/losses), and when the volumes decline on a continuous basis over a few months, then it may be a strong case for disinvestment.

this is not an expert advice, but an experienced advice.

all the best.
murthymsr

Murthy
Interesting comments ... but can u corroborate with some charts or examples.

TA says that all consolidation patterns show a decline in volume, before the original trend (up or down, as the case may be) resumes. See for example chart of Kamat Hotels (attached) where volumes dried up gradually over a 6 mth period after Dec 03, before the uptrend resumed

So IMHO such declines (if confirmed as consolidation patterns) are ideal periods to accumulate !

AGILENT